Armada Hoffler Properties Inc.
12/18/2024 | Press release | Distributed by Public on 12/18/2024 08:25
Management Change/Compensation Form 8 K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 17, 2024, the Board of Directors (the "Board") of Armada Hoffler Properties, Inc. (the "Company") increased the size of the Board from nine directors to ten directors and appointed Shawn J. Tibbetts, the President and Chief Operating Officer of the Company, as a director, in each case effective January 1, 2025, in connection with Mr. Tibbetts' previously announced appointment to Chief Executive Officer of the Company, also effective January 1, 2025. Mr. Tibbetts will serve until the Company's 2025 annual meeting of stockholders (the "2025 Annual Meeting") or until his successor is duly elected and qualifies.
As an executive officer of the Company, Mr. Tibbetts will not receive any additional compensation for his service on the Board.
There were no arrangements or understandings between Mr. Tibbetts and any other persons pursuant to which Mr. Tibbetts was selected as a director. Neither Mr. Tibbetts nor any member of his immediate family has or had a direct or indirect interest in any transaction in which the Company or any of its subsidiaries is or was a participant that would be required to be disclosed under Item 404(a) of Regulation S-K.